- Research
- |
Understanding the Volatility of the Canadian Exchange Rate
Summary:
| Citation | Eichenbaum Martin. 2018. "Understanding the Volatility of the Canadian Exchange Rate". Research. Toronto: C.D. Howe Institute |
| Page Title: | Understanding the Volatility of the Canadian Exchange Rate – C.D. Howe Institute |
| Article Title: | Understanding the Volatility of the Canadian Exchange Rate |
| URL: | https://cdhowe.org/publication/understanding-volatility-canadian-exchange-rate/ |
| Published Date: | February 8, 2018 |
| Accessed Date: | March 21, 2025 |
Outline
Outline
Related Topics
Contrary to popular belief, commodity prices are not the best predictor of the future exchange rate for the Canadian dollar, according to new research from the C.D. Howe Institute. In “Understanding the Volatility of the Canadian Exchange Rate”, authors Martin Eichenbaum, Benjamin K. Johannsen, and Sergio Rebelo find the current real exchange rate, (ie., minus inflation) is more useful than commodity prices for forecasting changes in the Canada/US nominal exchange rate.
Related Publications
- Opinions & Editorials
Parisa Mahboubi, Tingting Zhang
- Intelligence Memos
Matthew McLeish